Argus Investors Counsel Inc. reduced its stake in Apple Inc. by 12.3% in Q3, selling 2,455 shares, but Apple remains its fourth-largest holding. Despite this specific reduction, major institutional investors like Vanguard, State Street, and Norges Bank significantly increased or initiated positions in AAPL, bringing institutional ownership to about 67.7%. Apple also reported strong Q1 results, beating EPS and revenue estimates, and announced a quarterly dividend.
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Apple Inc. $AAPL Stock Holdings Lessened by Argus Investors Counsel Inc.
Argus Investors Counsel Inc. reduced its stake in Apple Inc. by 12.3% in Q3, selling 2,455 shares, but Apple remains its fourth-largest holding. Despite this specific reduction, major institutional investors like Vanguard, State Street, and Norges Bank significantly increased or initiated positions in AAPL, bringing institutional ownership to about 67.7%. Apple also reported strong Q1 results, beating EPS and revenue estimates, and announced a quarterly dividend.